Manufacturers Spend N1.34tn on Alternative Power

Rising Costs, Insecurity Threatens Nigerian Manufacturing – MAN

Nigerian factory floors are facing an existential crisis as a combination of multi-layered taxation, currency volatility, and insecurity cripples industrial operations. The Manufacturers Association of Nigeria issued a stark warning detailing the rapid erosion of corporate survival margins across the country’s major industrial hubs. Factory owners report that production volumes have dropped significantly over the…

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$3.6 World Bank Loans Fail to Revive National Grid

More Firms Dump National Grid as Power Crisis Worsens

LAGOS — Nigeria’s embattled power sector faces a terminal liquidity threat as industrial giants increasingly abandon the national grid for self-generation. Between January and September 2025, no fewer than 20 major firms officially exited the centralized network, opting to install 1,045 megawatts (MW) of private “captive” power. This mass migration follows a pattern of chronic…

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